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GST Rule 34: Exchange Rates for Goods Tied to Customs Act, Services Follow Accounting Principles on Supply Date.

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Full Text of the Document

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....Rule 34 - Rate of exchange of foreign currency for the purpose of GST - in case of taxable goods, as per the rate notified under Customs Act and in case of taxable services, as per the the generally accepted accounting principles, for the date of time of supply....